EnerNOC's DemandSMART Named Energy Product of the Year at Environment and Energy Awards
BIRMINGHAM, UNITED KINGDOM -- (Marketwire) -- 05/31/12 -- EnerNOC, Inc. (NASDAQ: ENOC), the world's leading provider of demand response applications and services, today announced that DemandSMARTTME,nerNOC's comprehensive demand response application, has been selected by SustainabilityLive's Environment and Energy Awards as the 2012 Energy Product of the Year. The Environment and Energy Awards celebrate excellence and innovation from businesses and technology providers in the market place. The awards were presented at a reception held on Tuesday, May 22, 2012, at the National Motorcycle Museum in Birmingham.
"We are very honored to receive this recognition for the role that our DemandSMART application is playing in the rapidly evolving UK electricity market," said Tim Healy, Chairman and CEO of EnerNOC. "EnerNOC has developed the tools that will streamline demand response participation for our commercial, institutional, and industrial customers in the UK."
DemandSMART is a hosted software application that enables customers participating in demand response to view real-time energy data, to monitor demand response performance, and to assess the impact of other energy efficiency measures on their overall energy spend. When the UK electrical grid experiences an imbalance between supply and demand, the grid operator sends a signal to EnerNOC's Network Operations Centre that triggers a demand response despatch. Participants in EnerNOC's demand response programme then respond by reducing non-essential electricity usage, thus restoring balance to the grid. DemandSMART gives participants a real-time view into how they are performing against target energy reductions during demand response despatches and enables them to identify other areas where energy can be managed more efficiently.Through DemandSMART's automated demand response (AutoDR) functionality, EnerNOC can remotely reduce electricity usage at participating sites directly from its Network Operations Centre. This automated demand response technology helps make demand response participation a seamless process in a variety of settings, from commercial property to hospitals to heavy industrial sites.
EnerNOC has more than 8,000 megawatts (MW) of demand response under management across its worldwide portfolio. This network allows coordinated electricity reductions that can serve the same purpose as "peaking" or "short-term reserve" power plants. In the UK, the majority of this activity occurs within National Grid's Short-Term Operating Reserve (STOR) programme. Demand response contributes to the UK's low carbon energy future by balancing inconsistencies and intermittencies in renewable energy, like solar and wind.
To learn more about EnerNOC's award-winning energy management applications, please visit http://www.enernoc.com/solutions.
EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by reducing real-time demand for electricity, increasing energy efficiency, improving energy supply transparency in competitive markets, and mitigating emissions. We accomplish this by delivering world-class energy management applications including DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; SupplySMART™, energy price and risk management; and CarbonSMART™, enterprise carbon management. Our Network Operations Center (NOC) continuously supports these applications across thousands of C&I customer sites throughout the world. Working with more than 100 utilities and grid operators globally, we deliver energy, ancillary services, and carbon mitigation resources that provide cost-effective alternatives to investments in traditional power generation, transmission, and distribution. For more information, visit www.enernoc.com.
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Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the future growth and success of the Company's energy management applications and services, and the ability of customers to derive benefits from those applications and services, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, EnerNOC's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.